Evgenia Parajanian | Istock | Getty ImagesPresident Donald Trump is looking to restrict and overhaul the H-1 B visa program, which has allowed U.S. companies to hire foreign talent in occupations such as IT, healthcare and engineering for decades.The program has been a topic of debate among lawmakers in Washington for years, with many opponents arguing that it removes job opportunities for U.S. nationals and is rife with abuse.In response, Trump announced a plan to impose $100,000 fees on H-1B applications, which could severely impact American companies’ ability to support the visas.One thing that can’t be disputed, however, is that…
Author: usaeverydaylife
07 July 2025, USA, New York: A street sign reading “Wall Street” hangs on a post in front of the New York Stock Exchange in Manhattan’s financial district. Photo: Sven Hoppe/dpa (Photo by Sven Hoppe/picture alliance via Getty Images)Picture Alliance | Picture Alliance | Getty Images September has been far from an ideal month for U.S. stocks for the past several years, with the S&P 500 dropping during the month in four of the past five years. This time, though, things seem to be better, supported by a flurry of upbeat economic data — including a 3.8% second-quarter GDP growth and…
While homebuyers continue to struggle, there’s good news for renters: Nationwide, rents have either stayed flat or decreased for the third month in a row, according to a new report from Zumper. In September 2025, the median price for a one-bedroom rental remained stable at $1,517, while the cost of a two-bedroom unit dropped by 0.2% to $1,894. Overall, rents have fallen 1% year-over-year. That’s a stark contrast from the first half of 2023, when inflation drove rents up as much as 8% year-over-year. Rents were still climbing between 1% and 2% at the start of 2025, before the tide turned in…
Employees work on photovoltaic cell modules, used in solar panels, at a factory which produces the modules for export to the US and Europe, in Lianyungang, in China’s eastern Jiangsu province on September 26, 2025. Afp | Getty ImagesChina’s industrial profits soared in August as Beijing pressed ahead with efforts to rein in excess supply and curtail cut-throat price wars, with analysts saying that rationalizing production will spill into the country’s next five-year plan.Industrial profits rose 20.4% in August from a year earlier, reversing three months of consecutive declines, according to data released by the National Bureau of Statistics on…
Spanish Prime Minister Pedro Sanchez leaves after giving a press conference during the United Nations 4th International Conference on Financing and Development in Seville, on July 1, 2025.Cristina Quicler | Afp | Getty ImagesSpain’s government has received yet another boost from credit rating agencies, with Fitch and Moody’s joining S&P to raise their respective assessments of the country.The hat trick of rating upgrades comes as Spain’s economy continues to outpace its European peers, with the country’s government and central bank recently upgrading their 2025 growth forecasts.Fitch on Friday upwardly revised Spain’s long-term rating to “A,” from “A-,” citing Spain’s favorable…
Cleveland Federal Reserve President Beth Hammack joins CNBC’s “Squawk Box Europe” on Monday morning to discuss the likelihood of further interest rate cuts and the health of the U.S. economy.Hammack’s comments come shortly after stronger-than-expected economic data appear to have dented Wall Street’s hopes for sharp monetary easing.The Fed approved a widely anticipated rate cut earlier this month, lowering its benchmark overnight lending rate by a quarter percentage point to a range of 4.00%-4.25%, and signaled two more were on the way before the end of the year.A robust batch of economic data since, however, has prompted investors to dial…
Key PointsNicolas Dufourcq, the head of France’s state investment bank Bpifrance, warned that Europe is becoming “doubly colonized” by Chinese industry and U.S. tech.”It’s not in the future; the consequences are now,” he warned an audience at private capital conference IPEM.Bpifrance manages assets worth around 100 billion euros ($117 billion).The head of France’s state investment bank Bpifrance has painted a grim picture of Europe, saying the continent is caught between the world’s two largest economies and is unable to fund its own future-critical industries. Nicolas Dufourcq warned that Europe is being overcome by Chinese industry and U.S. technology and is…
Investors talk at a stock exchange hall on February 3, 2017 in Hangzhou, Zhejiang Province of China.VCG | Getty Images China’s stock market has seen a sharp rally this year as progress on artificial-intelligence, steps aimed at gaining chip self-sufficiency and Beijing’s campaign to rein in price wars fuel investor optimism.But as retail investors push the market higher, and bulls cheer liquidity support and policy tailwinds, some experts are raising questions if the market is entering bubble territory.The mainland CSI 300 index has climbed about 16% since the start of the year and is hovering close to more than three-year…
The Federal Reserve logo is seen on the William McChesney Martin Jr. Building on Sept. 16, 2025 in Washington, DC.Kevin Dietsch | Getty Images September has been far from an ideal month for U.S. stocks for the past several years, with the S&P 500 dropping during the month in four of the past five years. This time, though, things seem to be better, supported by a flurry of upbeat economic data — including a 3.8% second-quarter GDP growth and jobless claims that suggest a resilient labor market.With a couple of days still to go, will the markets finally get to end…
This report is from this week’s edition of CNBC’s “Inside India” newsletter, which brings you timely, insightful news and market commentary on the emerging powerhouse. Like what you see? You can subscribe here.The big storyLately, every move out of Washington seems to send aftershocks straight to New Delhi.The latest shake-up? A $100,000 one-time fee on new H-1B visa applications, courtesy of U.S. President Donald Trump. It’s a bold move aimed at tightening immigration — and it hits Indian tech talent the hardest.This comes right after Trump slapped additional 25% tariffs on Indian imports last month for buying oil from Russia, bringing…
